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2019 ASNY Spring Meeting
New York Marriott Downtown Hotel
85 West Street (at Albany Street)
New York, NY 10006
USA
Monday, May 13, 2019, 12:30 PM - 7:00 PM EDT
Category: Events

 

2019 ASNY SPRING MEETING

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We are very excited for this year's ASNY Spring Meeting being held on Monday, May 13th at the New York Marriott Downtown Hotel.

The meeting will commence with a general professionalism session followed by breakout sessions. At the breakout sessions an accomplished group of industry leaders will present on a broad range of topics of interest including actuarial and IT partnerships, actuarial governance, and evolving regulations.

SCHEDULE

12:30 - 1:10 pm:  Registration

1:10 - 1:20 pm:  Opening Remarks
                   
Sarah Valani | Valani Global and ASNY VP of Meetings

1:20 - 2:10 pm:  General Session: Professionalism - Do You Really Understand What The ABCD Does?
                   
Albert J. Beer FCAS, MAAA | Former Actuarial Standards Board member and Council on Professionalism 
                   The Actuarial Board for Counseling and Discipline (“ABCD”) was established in the bylaws of the American Academy of Actuaries to assist the members of the five U.S.-based actuarial organizations in conducting themselves in accordance with the recognized standards of ethical and professional conduct. A common misconception exists that the ABCD's mission is solely focused on administering disciplinary action. This session will review the principles of Professionalism within the actuarial community in the U.S., leading to an in-depth discussion of the broad and meaningful role the ABCD plays in all our organizations.

2:10 - 3:00 pm:  General Session: Privacy and Bias Considerations of Predictive Models
                   Hareem Naveed | Munich Re
                   Robert D. Helfand | Office of the Connecticut Comptroller
                   In the insurance industry, machine learning models are increasingly used to make decisions that affect people's lives. To ensure that the models are fair, they should be audited for bias. The metrics available to evaluate fairness vary by the context in which the model is deployed. In addition, the fields of big data and data analytics are increasingly raising privacy concerns for many, including important issues respecting data sourcing from third parties and “publicly available” sources, de-identification, algorithmic transparency, and the rights of data subjects to control the use of their data. In this session, we will walk through some of the privacy considerations that arise with respect to data sourcing, model design, and transparency. 

3:20 - 4:20 pm:  Breakout Session 1

  • PBR: Where Things Stand & Considerations for Modeling
          
    William Cember, FSA, MAAA | Prudential
         
    Alexandre Lemieux, FSA MAAA | PwC
          Life PBR is more than just the calculation of reserves, and infrastructure, documentation and reporting needs are perhaps even more significant than first anticipated. The presenters will discuss key modeling considerations for PBR and highlight specific challenges. This session will discuss: adopting PBR earlier versus later, viewing PBR adoption as a compliance activity versus a strategic initiative, key product features and modeling methodologies including YRT reinsurance and non-guaranteed elements, modeling of PBR assumptions and margins, etc.
     
  • Model Governance and Validation: Best Practices and Common Pitfalls
          Simon Li, ASA | Oliver Wyman
          Modeling is the cornerstone of the actuarial profession. As insurance products grow in complexity, actuarial models too become increasingly complex and subsequently prone to errors. In this session, the presenter will go through common model governance frameworks in the life insurance industry, best practices and useful tools in model validation exercises, as well as common pitfalls of existing model risk management structures.
     
  • Designing a Digital Insurance Product
          Emily Johnson | Fabric
          Gabe Diaz | Haven Life
          Get a sneak peek into the design process of digital products and insight into how this process changes the way one thinks about insurance product development. 

4:40 - 5:40 pm:  Breakout Session 2

  • Actuaries & Entrepreneurship
          Nazir Valani, FSA, FCIA, MAAA | Valani Global
          Scott Houghton, FSA, MAAA | Valani Global
          
    What would it be like to start your own entrepreneurial venture? This session will discuss unique opportunities and challenges faced when transitioning to an entrepreneurial venture.
     
  • US GAAP Long Duration Targeted Improvements
          Ailen Okharedia, FSA MAAA | PwC
          Gavin Stewart, FSA MAA | KPMG
          TBD

     
  • IFRS17
          James Xu, FCIA FSA | SAS
          Jim Zhang | SAS
          TBD
          

5:40 - 7:00 pm:  Networking Cocktail Reception

 

COST

 Before May 3rd   May 4th to May 12   May 13 

Paid-up Members and Subscribers  

$275 $325 $350

Other Attendees

$325 $375 $400

 

 

 

 

 

PAYMENT

If you would like to pay by credit card online, please register online.  If you have been a past member, but have not yet paid dues for this year, membership dues must be paid first before you will receive the reduced cost for this event.

For those interested in paying by check or cash, please download the mail-in registration form, and follow the instructions within.  If you are paying for a group of individuals, please use the form and include a listing of all individuals being included in the payment to ensure proper tracking.  The list should include First Name, Last Name, Email, and Company.

If you have any questions, please use the Contact ASNY page and select Subject option 5, "ASNY Annual Meeting".

Presentations will be uploaded at the bottom of the page as they are received from presenters.